Is The Minimum Wage Too Low?

Correction 7/24/13: In the original broadcast of this interview we misstated that Seattle City Council candidate Kshama Sawant advocates a minimum wage of $21.72 an hour. According to her campaign representative Devin Matthews, Sawant is calling for a $15.00 dollar minimum wage.

A recent economic survey showed it costs over $52,000 for a one parent and one child family to live a modest lifestyle in Seattle. Would raising the minimum wage to $15.00 an hour bring more people closer to earning a living wage? Or would a $15.00 minimum wage just discourage employers from hiring? Ross Reynolds talks to Felix Salmon, financial reporter for Reuters, about the case for each side, and callers share their opinions on if we should raise the minimum wage.